All Topics / General Property / Vacancy rates for January 2012

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  • Profile photo of Andrew_AAndrew_A
    Participant
    @andrew_a
    Join Date: 2003
    Post Count: 392

    Latest rental vacancy data from SQM.

    Clearly Melbourne looks like a concern for the moment, vacancies very tight in Canberra and Perth which should be encouraging, Brisbane slightly tighter than January 2011 which is in line with a view that the market here is close to balance in terms of supply.

    Vacancy rates January 2012
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    source: SQM research

    Profile photo of Kent CliffeKent Cliffe
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    @kent-cliffe
    Join Date: 2011
    Post Count: 110

    We have been suggesting this shortage to our clients for a while. People migrating to Perth and very little new house construction – let the good times roll!

    Profile photo of Andrew_AAndrew_A
    Participant
    @andrew_a
    Join Date: 2003
    Post Count: 392

    Well the Brisbane rental market has been healthy in total so the figures seem to make sense. Even after the flood there wasn't strong growth which indicates a balance between supply and demand, when you get that imbalance you see the crazy rent growth that is still happening in QLD mining areas.

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